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Les Bois Park Racing LLLP to own 100% of Treasure Valley Racing LLC


October 26, 2011     E-mail this page to a friend!

Les Bois Park Racing LLLP announced today that it has agreed to acquire Alabama Idaho Inc.’s 50% interest in Treasure Valley Racing, LLC. The transaction is scheduled to close on November 15, 2011, when Les Bois Racing will own 100% interest in Treasure Valley Racing LLC. The group will then be entirely locally owned. The terms of the transaction were not disclosed.

Founded earlier this year, Treasure Valley Racing LLC, a 50/50 venture between Les Bois Park Racing and Alabama Idaho, successfully returned horseracing to Boise’s Les Bois Park after a two-year absence. In April 2011, Treasure Valley Racing LLC was awarded a 5½ year lease for the horse racing facilities from Ada County. Treasure Valley Racing LLC opened simulcasting on June 1, 2011, and live racing on July 2. The live meet was considered an overwhelming success as evidenced by the record-setting crowds that attended the shortened 15-day live racing season. (See related articles in the August and September issues of TRJ.)

Jim Grigsby, representing Les Bois Park Racing LLLP, commented, “We are grateful to Alabama Idaho Inc. for playing an instrumental role as our business partner in assisting us in a successful return of horse racing to the Treasure Valley. We look forward to working with horsemen, race fans, and the community to build upon last year’s success and are committed to make future years even better.

"We are currently in final preparations to expand the number of race days in 2012 and are looking at various alternatives to improve the overall experience for our customers and racing fans this upcoming season. We would like to thank all the horse racing enthusiasts and our employees for their ongoing support and commitment. We have made our collective dream a successful reality.”

Scott Phelps, a representative of Alabama Idaho Inc., added, “We are proud to have contributed to the successful return of horseracing at Les Bois and to aid our good friends at Les Bois Park Racing LLLP in realizing that vision. Although we faced numerous challenges to reopen the track in time for a live race meet this past July, the unwavering commitment of all involved allowed us to make that a successful reality. The community is fortunate to have such strong local support of horse racing.”